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- H.R.1262
H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes.
About This Bill
- Introduced Feb. 28, 2017
- Latest Major Action Feb. 28, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Feb. 28, 2017
Bill Summary
This bill amends the Internal Revenue Code to modify the tax treatment of certain life insurance contract transactions. The bill establishes reporting requirements for acquisitions of life insurance contracts in a reportable policy sale. Specified details must be reported regarding: the payments, contracts, and people involved in the acquisition; the seller's basis; and payments of death benefits. A "reportable policy sale" is the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 28, 2017 |
Referred to the House Committee on Ways and Means.
|
| Feb. 28, 2017 |
Introduced in the House by Pat Tiberi (R-Ohio) |